The Jakarta Composite Index (IHSG) concluded the first trading session on Monday, December 22nd, with a positive movement, climbing 0.19% or 16.11 points to settle at the 8,625 level. This uplift was significantly bolstered by strong performances from key stocks associated with the Bakrie Group: PT Bumi Resources Tbk (BUMI), PT Bumi Resources Minerals Tbk (BRMS), and PT Darma Henwa Tbk (DEWA), all of which posted substantial gains.
Drilling into the individual performances, BUMI’s stock price surged an impressive 12.79%, adding 44 points to reach 388. Meanwhile, BRMS experienced a notable rise of 4.42%, or 50 points, closing at 1,180. Not to be outdone, DEWA’s stock also saw a healthy jump of 5.50%, gaining 30 points to end the session at 575.
According to data from the Indonesia Stock Exchange (BEI), the overall market activity during the first session was robust. Trading volume reached 25.42 billion shares across 1.94 million transactions. The total market capitalization stood at an impressive Rp 15,814 trillion, with the day’s total transaction value hitting Rp 13.34 trillion by midday. A snapshot of market sentiment revealed 250 stocks strengthening, 409 experiencing corrections, and 144 remaining unchanged as the market paused for lunch.
Mirroring the index’s upward trajectory, six out of the eleven sectors on the BEI closed in positive territory. The energy sector emerged as the top performer, registering a 2.19% increase, primarily driven by the stellar performances of BUMI and DEWA. Other significant contributors to the sector’s gains included PT Rukun Raharja Tbk (RAJA), which advanced 4.48% (250 points) to 5,825, and PT Indika Energy Tbk (INDY), which leaped 8.45% (180 points) to 2,310.
Conversely, the technology sector faced headwinds, experiencing a sectoral correction of 1.95%. Leading the decline were PT Elang Mahkota Teknologi Tbk (EMTK), which fell 4.90% (60 points) to 1,165, PT DCI Indonesia Tbk (DCII), down 3.75% (9,175 points) to 235,575, and PT Bukalapak.com Tbk (BUKA), which dipped 3.70% (6 points) to 156.
In terms of trading value, PT Bumi Resources Tbk (BUMI) dominated the market, with transactions totaling Rp 2.93 trillion by midday, signifying strong investor interest. It was closely followed by PT Super Bank Indonesia Tbk (SUPA), recording Rp 1.24 trillion in trades, and PT Darma Henwa Tbk (DEWA), with a transaction value of Rp 517.36 billion.
Here are the top gainers for the afternoon session:
- PT Guna Timur Raya Tbk (TRUK) rose 12.86% to 575
- PT Bumi Resources Minerals Tbk (BRMS) climbed 12.79% to 388
- PT MD Entertainment Tbk (FILM) gained 9.89% to 9,725
And the top losers for the afternoon session:
- PT Pelayaran Jaya Hidup Baru Tbk (PJHB) dropped 14.69% to 302
- PT Super Bank Indonesia Tbk (SUPA) declined 14.63% to 1,050
- PT Triniti Dinamik Tbk (TRUE) fell 9.73% to 204
Summary
The Jakarta Composite Index (IHSG) concluded the first trading session on Monday, December 22nd, with a 0.19% increase, reaching the 8,625 level. This positive movement was significantly driven by strong performances from Bakrie Group stocks: PT Bumi Resources Tbk (BUMI), PT Bumi Resources Minerals Tbk (BRMS), and PT Darma Henwa Tbk (DEWA). BUMI surged 12.79%, BRMS rose 4.42%, and DEWA jumped 5.50%.
Overall market activity was robust, with a total transaction value reaching Rp 13.34 trillion by midday. Six out of eleven sectors closed positively, with the energy sector leading gains at 2.19% due to BUMI and DEWA, while the technology sector experienced a 1.95% correction. BUMI notably dominated trading value, recording Rp 2.93 trillion in transactions.